Egypt: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Egypt

In 2022, the Egyptian market for condensed or evaporated milk (unsweetened) was finally on the rise to reach $X after three years of decline. Overall, consumption continues to indicate significant growth. Unsweetened condensed and evaporated milk consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Condensed Or Evaporated Milk (Unsweetened) in Egypt

In value terms, unsweetened condensed and evaporated milk production plummeted to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X,700%. Unsweetened condensed and evaporated milk production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Egypt

In 2022, approx. X tons of condensed or evaporated milk (unsweetened) were exported from Egypt; which is down by X% compared with 2021. Over the period under review, exports showed a precipitous descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports shrank markedly to $X in 2022. Overall, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Comoros (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Egypt, accounting for a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Comoros exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Comoros was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

In value terms, Comoros ($X) emerged as the key foreign market for condensed or evaporated milk (unsweetened) exports from Egypt, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Comoros was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a mild increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and Comoros ($X per ton), while the average price for exports to Senegal ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Egypt

In 2022, approx. X tons of condensed or evaporated milk (unsweetened) were imported into Egypt; increasing by X% on the year before. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the Netherlands (X tons) and Germany (X kg) were the main suppliers of unsweetened condensed and evaporated milk imports to Egypt, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest unsweetened condensed and evaporated milk suppliers to Egypt were Saudi Arabia ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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